Forum > General discussions > Other manufacturers > siemens on the 'brink' of collapse - financial distress?

New Topic Locked Add to Bookmarks Posts: New posts 24 hours Hot Top 20 Account: Inbox / PM Login Register   Help Search Author siemens on the 'brink' of collapse - financial distress? *Jojo* Joined: Oct 15, 2003 Posts: > 500 PM Posted: 2005-02-08 14:03 As I watch BBC News the other night, I saw this report that the 4th ranked Celfone giant in the world - Siemens is already 'in the red' As it continuously losing - US$ 1.3 M a day or roughly around 1M in Euros ! Though the CEO said that the company will not declare bankruptcy nor close it's business. Other options are to merge with an Asian celfone-producing company or will apply for a loan. [addsig] masseur Joined: Jan 03, 2003 Posts: > 500 From: Sydney, London PM Posted: 2005-02-08 14:10 there is a thread discussing this Siemens mobile arm for sale or closure Unless I'm very much mistaken... A-ZoTT Access the forum with a mobile phone via esato.mobi New Topic Topic Locked